Your main take-away is the Euro is exhibiting corrective behavior. Corrections go down. All currencies eventually die, especially if you let Draghi print it relentlessly.
The Euro went public in 1999 as a monetary currency instrument, and if the Europeans want it to survive, they are going to have to make some changes. I recommend the Germans stop using the Mediterranean states as their Export dumping ground and the Mediterranean’s stop using the Germans as their piggy bank to raid, because there is no such thing as a free lunch. I also recommend actual free speech, personal liberty, and less Globalism and Socialist Bureaucracy… You don’t want to change? Fine, the chart says your society is Toast…
The Euro went public in 1999 as a monetary currency instrument, and if the Europeans want it to survive, they are going to have to make some changes. I recommend the Germans stop using the Mediterranean states as their Export dumping ground and the Mediterranean’s stop using the Germans as their piggy bank to raid, because there is no such thing as a free lunch. I also recommend actual free speech, personal liberty, and less Globalism and Socialist Bureaucracy… You don’t want to change? Fine, the chart says your society is Toast…